NWS News: Realtor.com® May Rental Report: Rent Prices Dip; Declines Expected to Continue - 26th Jun 2023, 8:00pm

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Rent prices down 0.5% year-over-year, their first drop since the start of Realtor.com® rental data trend tracking in 2020

SANTA CLARA, Calif., June 26, 2023 /PRNewswire/ -- The Realtor.com®May Rental Report found that renters are beginning to see some relief, with the median asking monthly rent in the 50 largest U.S. metros decreasing -0.5% year-over-year to $1,739. Nationally, rent prices increased $3 from last month, but were down $38 from the July 2022 peak. Realtor.com®'s 2023 Fore...

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